The federal funds rate is a benchmark that influences other interest rates throughout the economy. The Federal Reserve doesn't control the federal funds rate directly. Instead, it uses various monetary policy tools to steer the benchmark toward a target range, which is currently 4.75% to 5%.

What time is the Federal Reserve's interest-rate decision due? It is expected at 2 p.m. ET today. When will Fed Chair Jerome Powell speak? He is due to hold a press conference at 2:30 p.m. What is the Fed predicted to do?

Consumers and businesses alike can expect lower borrowing costs, but rates on both loans and savings accounts have already moved down in anticipation.

After years of rate hikes in its effort to tame rising inflation, the central bank has elected to do something it hasn’t done since 2020: make a cut. While on one hand the Feds

The U.S. dollar rose broadly on Thursday, recovering from an earlier tumble in the immediate aftermath of the Federal Reserve's outsized interest rate cut that had been largely priced in by markets. The U.